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Mar 30, 2012
03/12
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it hopes to meet the eu deficit limit of 3% next year. but that will not be easy. >> spain's overriding duty is fiscal consolidation in order to meet guidelines set down by the european union. we will not achieve that goal at any price. so we will continue to provide services to those who needed them the most. and we will also seek to promote economic recovery and job creation. >> some experts fear that the extreme budgetary savings will hinder economic growth. estimates put spain back in recession for the first quarter of 2012. >> all right, there is good news from the deeply indebted country of portugal. the government says it has reduced its budget deficit to 4.2% of gdp. >> that is well below its target of 5.6%, but most of those savings come fromo 1comeff measures like the transfer of state pension funds to the treasury which it will have to pay back. without those one-off savings, the deficit would have been closed to 8%. to france, where police have arrested 19 people in a crackdown on suspected muslim extremists in the country. it
it hopes to meet the eu deficit limit of 3% next year. but that will not be easy. >> spain's overriding duty is fiscal consolidation in order to meet guidelines set down by the european union. we will not achieve that goal at any price. so we will continue to provide services to those who needed them the most. and we will also seek to promote economic recovery and job creation. >> some experts fear that the extreme budgetary savings will hinder economic growth. estimates put spain...
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Mar 14, 2012
03/12
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CSPAN3
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also not tenable, and i've been in china, it's not tenable we're going to have a $250 billion trade deficit, the next year 275, the i don't have after -- i've said this, you don't believe it will keep growing each year and no one's going to say anything and it will never stop. no. i don't know exactly the form of that. having some agreement on export credits is a start. but it's only a start because a lot of times in china, they will go into an african country and not only will they -- even if they begin to have the terms of the export loan at par, if we get there, there's a lot of other stuff that they get paid in kind, they get bind in iron ore at low market. there are a lot of other factors going in. so we're pushing for greater transparency so that we don't have this unequilibrium. i agree with larry on a lot of the thins. we still have a great workforce. you know. i walk through factory floor to factory floor. in the united states today, i'll give you one example, siemens just built a new facility, power turbines in charlotte, north carolina. they construct -- they manufacture them in
also not tenable, and i've been in china, it's not tenable we're going to have a $250 billion trade deficit, the next year 275, the i don't have after -- i've said this, you don't believe it will keep growing each year and no one's going to say anything and it will never stop. no. i don't know exactly the form of that. having some agreement on export credits is a start. but it's only a start because a lot of times in china, they will go into an african country and not only will they -- even if...
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france is budget deficit was lower than expected france's. russia's falling europe into the black this. just we. should have the first quarter in twenty years and crude gains are supporting energy stocks like produce the noble take is on the rise it's net profit rose seventy six percent last year in russian accounting standards and russia's biggest lenders also gaining. growth is this year's net profit. twenty levels to record results oil is all poor briss biggest decline in a week on reports us in ventris of the euro is high against the dollar of that e.u. bailout fund increase you've been talking about and the ruble is gaining against the dollar but losing to be curios global i.p.o. activity is something almost seventy percent in the first quarter year old year olds the young report says fourteen billion dollars is the lowest in two years over euro zone and global uncertainty emerging markets are still the i.p.o. leaders with china topping the list and you're up to date most always on the web site all to dot com slash was this all right i k
france is budget deficit was lower than expected france's. russia's falling europe into the black this. just we. should have the first quarter in twenty years and crude gains are supporting energy stocks like produce the noble take is on the rise it's net profit rose seventy six percent last year in russian accounting standards and russia's biggest lenders also gaining. growth is this year's net profit. twenty levels to record results oil is all poor briss biggest decline in a week on reports...
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euro has been slashed that's the equivalent of thirty six billion dollars us aimed at reducing the deficit she five point three percent of g.d.p. in two thousand and twelve some fees already raised about this figure tracing billion euros with these credit rating agencies they say that she about forty billion euro needs to be cut from the budget what they are doing is sashing seventeen percent from all budgets and all the ministries so that throughout the whole of the ministries is saying that includes some of those people think should be bring famous allies of education and health care as well they want to bring in some of the protesters and the unions in order for development in the future that hasn't occurred in this case that will lay l.a. some phase it seems that pensions have been caps have. salaries in some areas civil servants salaries have been trapped as well now this isn't just a problem to do with spain when it comes to their deficit as specious dressed a lot recently seen a sense of the today in denmark pass where all the european finance ministers have met and they've agreed a
euro has been slashed that's the equivalent of thirty six billion dollars us aimed at reducing the deficit she five point three percent of g.d.p. in two thousand and twelve some fees already raised about this figure tracing billion euros with these credit rating agencies they say that she about forty billion euro needs to be cut from the budget what they are doing is sashing seventeen percent from all budgets and all the ministries so that throughout the whole of the ministries is saying that...
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salaries have been kept as well now this isn't just a problem to do with spain when it comes to bed deficits and specious dressed a lot recently we've seen a sense of the today in denmark that's where all the european finance ministers have met and they've agreed a far will and eight hundred billion euros by will go to safeguard against any future bailout and spain has really been able as mind when they're talking about that people think it's too big to fail but has the teetering on the brink from being here the real pressure get from the people who are in the unions who sells if they don't mind austerity understand that there has to be austerity in these tough times but they think certainly there should be bring paint they should take a cut should be made if they can absolutely everywhere in the world of about health care education and also it will rejoin a lot of people down the street yes there's a labor pool this is going to make it easier to sell equal and easier to reduce their wages in an environment where unemployment is starting in spain is twenty three percent of the population the
salaries have been kept as well now this isn't just a problem to do with spain when it comes to bed deficits and specious dressed a lot recently we've seen a sense of the today in denmark that's where all the european finance ministers have met and they've agreed a far will and eight hundred billion euros by will go to safeguard against any future bailout and spain has really been able as mind when they're talking about that people think it's too big to fail but has the teetering on the brink...
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from the eurozone leaders to implement morse there seems to cost the deficit has meant the italian prime minister speaking out recently saying this is a condition that could include all the eurozone members as well first let the spanish prime minister cannot quite tough when it comes to the future budget to be decided on friday he said it will be very very austere but something doesn't really have an appetite in this crowd even though they recognize there's a need for cuts to be placed i don't think it should be on their watch i don't think the impact should be felt by them. twenty minutes past the hour here in moscow big brother is slowly creeping into americans' lives. with cia chief even joking about spying on people through their dishwasher but according to recent polls people in the us aren't particularly amused by this fear of big government has soared amid expanding unchecked security measures parties miniport ny attracts the trend from new york. when ten years ago biometrics robotic spies and state surveillance were the makings of a by flick starring tom cruise from the room toda
from the eurozone leaders to implement morse there seems to cost the deficit has meant the italian prime minister speaking out recently saying this is a condition that could include all the eurozone members as well first let the spanish prime minister cannot quite tough when it comes to the future budget to be decided on friday he said it will be very very austere but something doesn't really have an appetite in this crowd even though they recognize there's a need for cuts to be placed i don't...
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stock markets today and in fact the french president has just announced that the country's largest deficit equaled five point two percent of g.d.p. in two thousand and eleven and that was lower than the government's initial target the plan now is to cut that deficit to four and a half percent of g.d.p. in two thousand and twelve but let's take a look at the end to national markets or go to europe banks are leading the gains that would be empty prior basically added over one place satisfied said bank there now research firms are also adding and as i said that's coming off rising commodity prices we can see. now the dax is over one the percent in the black and as i mentioned earlier greece is bucking the trend and that's falling and the announcement from the greek prime minister that a third bailout is no rule that out yet we're moving on to russia a similar picture the voices here are looking at most it's of numbers the arts yes is out in over one and a half percent and so is the my success has been a good quarter for the russian market so far the r.t.s. has added seventeen percent since th
stock markets today and in fact the french president has just announced that the country's largest deficit equaled five point two percent of g.d.p. in two thousand and eleven and that was lower than the government's initial target the plan now is to cut that deficit to four and a half percent of g.d.p. in two thousand and twelve but let's take a look at the end to national markets or go to europe banks are leading the gains that would be empty prior basically added over one place satisfied said...
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sort of thing let's see the effect on world markets you're swinging into games that france's budget deficit is lower than expected. is one in the whole percent. of the black this point losses earlier this week emerging markets still should have the best first quarter in twenty years crude gains of supporting energy stocks like financials are also on the rise of regaining some of this week's fool's metals has won approval to buy australia's mines. biggest decline in a week on reports u.s. intervention is the sharply up the euro is higher because the u.s. dollar after the e.u. bailout fund increase the ruble is gaining against the dollar losing to fewer of the moment global appeal activities slumped almost seventy percent in the first quarter your old year and young report says fourteen billion dollars is the lowest in two years over eurozone and global uncertainty emerging markets the still the r.p.o. leaders with china topping the list and you're up to date real remorse stories on our website dot com slash business. cards and your thanks very much indeed for that i will be seeing you next h
sort of thing let's see the effect on world markets you're swinging into games that france's budget deficit is lower than expected. is one in the whole percent. of the black this point losses earlier this week emerging markets still should have the best first quarter in twenty years crude gains of supporting energy stocks like financials are also on the rise of regaining some of this week's fool's metals has won approval to buy australia's mines. biggest decline in a week on reports u.s....
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Mar 14, 2012
03/12
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as well as our payment deficit. the inescapable conclusion to me is that it's not too soon to think some hard -- think hard about the medium and longer term. even if we continue with the stimulus right now. now i know there's no political consensus today for a summit. strong forward looking action appears beyond reach at least in this election year. but if the electoral process doesn't produce some common ground for constructive policy decisions, then i feel that sooner rather than later unbearable pressures will come to bear on monetary policies and some combination of a weak dollar and rising interest rates. financial institutions and markets, even if reforms were fully implemented, would then again be in jeopardy. the matter that i suspect is new to most of you, the budget deficits certainly grab our attention day by day and the political process and other worries. i think the result has been more political posturing than thoughtful reform. i wonder in all of my own naivetety that even in this so far contentious
as well as our payment deficit. the inescapable conclusion to me is that it's not too soon to think some hard -- think hard about the medium and longer term. even if we continue with the stimulus right now. now i know there's no political consensus today for a summit. strong forward looking action appears beyond reach at least in this election year. but if the electoral process doesn't produce some common ground for constructive policy decisions, then i feel that sooner rather than later...
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Dec 3, 2012
12/12
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FOXNEWSW
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his own deficit reduction commission. he knows what our proposals are, he knows what we are throwing do. what we don't know, chris, is what is the president willing to do? >> well, let me ask you specifically about that. is it true, because it's been said but we've never seen a piece of paper; it true that the president offered to raise the eligibility age for medicare and to slow cost of living adjustments for social security what you were in your debt talks in august ofs2011. >> it was on the table. did the president agree to it? it may have been close to an agreement to it. if he agreed to it we might not have some problem today. >> is that on the table now. of course, it's on the table. >> no, is it on the table from their point of view. >> well, there are a lot of items on the table. the president knows what they are. the question is what are they willing to do. >> you are starting it have some political problems because you are starting to have some split necessary your ranks. i don't have to tell you one of the top
his own deficit reduction commission. he knows what our proposals are, he knows what we are throwing do. what we don't know, chris, is what is the president willing to do? >> well, let me ask you specifically about that. is it true, because it's been said but we've never seen a piece of paper; it true that the president offered to raise the eligibility age for medicare and to slow cost of living adjustments for social security what you were in your debt talks in august ofs2011. >>...
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believe it's pointless with the government trying to do now is reach by all means this three percent deficit threshold that was promised to brussels and they're trying to find like every single penny it's the. obvious the countries don't have a say who will do harm to the pensioners and to their spending power will be just really bad for consumption as a whole in france it will not be a perfect solution for reinvigorating french growth and beer agrees because in his case every cent counts it may be less than one percent a few spend deducted each month but it's still threatens to take food from his mouth. of ski see reporting from paris and france. the occupy wall street movement might have finally found a way to save america's troubled one percent the new charity brainchild will get rid of american citizens debts resident hit the streets of new york to find out of people believing that. started by the people behind the occupy wall street rolling to believe is a project that is buying up debt just like a collection agency would but instead of collecting on it there absolving that debt in an e
believe it's pointless with the government trying to do now is reach by all means this three percent deficit threshold that was promised to brussels and they're trying to find like every single penny it's the. obvious the countries don't have a say who will do harm to the pensioners and to their spending power will be just really bad for consumption as a whole in france it will not be a perfect solution for reinvigorating french growth and beer agrees because in his case every cent counts it...
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thousand people out of sixty six million and if that elite minority continues heading for the door the deficit hole will only grow and along it may be forced to embrace the one policy he rejected throughout his election campaign stared. at us are still here r t brussels what do we have for you in the program here in r t china's anger grows over the purchase of disputed islands as a chinese fishing boat several patrol vessels reportedly set sail towards the territory in question. and revelations the world's leading anti-virus develop an arsenal of super viruses eerily similar to the stuxnet at wam. download the official publication so choose your language stream quality and enjoy your favorite. t.v. is not required to watch on t.v. all you need to. see any time. a record number of inmates died in the cage ales last year according to the country's prison watchdog officials say mattie all the deaths were due to natural causes but critics fear a lack of basic medical care is to blame are just probably boyko explains. the highest number of deaths ever recorded in u.k. prisons what stands behind the
thousand people out of sixty six million and if that elite minority continues heading for the door the deficit hole will only grow and along it may be forced to embrace the one policy he rejected throughout his election campaign stared. at us are still here r t brussels what do we have for you in the program here in r t china's anger grows over the purchase of disputed islands as a chinese fishing boat several patrol vessels reportedly set sail towards the territory in question. and revelations...
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thousand people out of sixty six million and if that elite minority continues heading for the door the deficit hole will only grow and along may be forced to embrace the one policy he rejected throughout his election campaign a stared. tesser sylvia r.t. brussels. it's good to have you with us here on our to today still ahead for you in this program. grows. disputed so this is a chinese fishing. vessels he says sailed towards the territory. relation the world's leading antivirus develop. between moscow and washington after russia's decision to end the work of the u.s. agency for international development in the country moscow says the decision to close the agency was prompted by u.s. aid attempts to influence the political process inside russia let's get some more details now. who joins us live here on the program just to clear this up for me particularly for all of us here so what exactly is it meant by the statement about influencing political life in russia tell us more about the activities here in the country. while the russian ministry of foreign affairs in which it said that. in the coun
thousand people out of sixty six million and if that elite minority continues heading for the door the deficit hole will only grow and along may be forced to embrace the one policy he rejected throughout his election campaign a stared. tesser sylvia r.t. brussels. it's good to have you with us here on our to today still ahead for you in this program. grows. disputed so this is a chinese fishing. vessels he says sailed towards the territory. relation the world's leading antivirus develop....
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thousand people out of sixty six million and if that elite minority continues heading for the door the deficit hole will only grow and along it may be forced to embrace the one policy he would ject it throughout his election campaign a stereotype. that tests are still here r t brussels. and staying with friends of the hands to salvage its economy a french parliament is set to discuss the ratification of the european fiscal pact which is seen as a key measure in combat and europe's burgeoning debt crisis well for some insight on the issue now we're joined by a political and economic analyst alex korb alex thanks very much for being here with us in the program first off how democratic in your opinion is the idea that brussels will monitor the budgets of member nations and punish those who don't stick to the rules. you know in this e.u. fiscal pact there is the close that particular country is in the middle of exceptional situation it can simply ignore the fiscal pact all together so are you really are you really thinking that math clearly is going to bring along into court in front of the europe
thousand people out of sixty six million and if that elite minority continues heading for the door the deficit hole will only grow and along it may be forced to embrace the one policy he would ject it throughout his election campaign a stereotype. that tests are still here r t brussels. and staying with friends of the hands to salvage its economy a french parliament is set to discuss the ratification of the european fiscal pact which is seen as a key measure in combat and europe's burgeoning...
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thousand people out of sixty six million and if that elite minority continues heading for the door the deficit hole will only grow and a lot it may be forced to embrace the one policy he rejected throughout his election campaign a stared. tester so you are to brussels. still ahead for you in the program here on china grows over poachers of the disputed islands to chinese fishing boat from including several patrol vessels reportedly set sail towards the territories in. cyber revelations the world's leading antivirus developer. barra's is eerily similar to. one. another scandal is flaring up between moscow and washington after russia's decision to end the work of the u.s. agency for international development in the country says the decision to close the agency was prompted by u.s. attempts to influence the political process inside russia let's get some more details on this now live to watch. for the latest i really do clear it up for us what do you know for this. well of course the minister of foreign affairs has ordered that the u.s. aid stop its operations in russia beginning up told her first
thousand people out of sixty six million and if that elite minority continues heading for the door the deficit hole will only grow and a lot it may be forced to embrace the one policy he rejected throughout his election campaign a stared. tester so you are to brussels. still ahead for you in the program here on china grows over poachers of the disputed islands to chinese fishing boat from including several patrol vessels reportedly set sail towards the territories in. cyber revelations the...
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May 9, 2012
05/12
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we've cut the deficit. we made difficult decisions about cutting some areas of public spending, about having to increase some taxes because we inherited a situation where our budget deficit was bigger than that in greece. so although we might have had different views, we put those aside. we cut the deficit for the good of the economy. we both also took some very difficult decisions on welfare. for the first time information our country we've put a cap on welfare and said that no family out of work should be able to get more in welfare than the average family gets in work. again, a difficult decision. one that's never been taken before, but we workeding to the do that. and whatever the area, i would say, you know, whether it is getting immigration under control, where we put in place some tough limits, whether it's reforming our education system, where we put in place much tougher standards in terms of discipline and teaching proper subjects like math and english, we're not always going to agree, but in the
we've cut the deficit. we made difficult decisions about cutting some areas of public spending, about having to increase some taxes because we inherited a situation where our budget deficit was bigger than that in greece. so although we might have had different views, we put those aside. we cut the deficit for the good of the economy. we both also took some very difficult decisions on welfare. for the first time information our country we've put a cap on welfare and said that no family out of...
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we have a democrat who is now concerned about the national debt and deficit. my lord. >> by the way, that justice is outs plate. lou: triple the national debt. reagan, the original bags pending person in washington. lou: let me ask you a question. how many jobs are created? >> many jobs created. lou: this president, 16 and a half million to go. >> and not say we are where we need to be. nobody will. lou: i'm saying, every policy of the past three and a half years has not in any way benefited the economy or 23 million people out of work. >> of the republican congress would let us spend money the way they let reagan we would be fine >> that's absolutely false. forty years of you have spending as a percentage gdp, up 40%. under this ministration we have taken up to 25%. there is no comparison. this is an absolute -- >> a route to of the worst economy in 75 years. lou: balderdash. this has become the mantra of the democratic party. it's pure block. i just went through what happened in the reagan years. i went through precisely what happened in the depression. >> a
we have a democrat who is now concerned about the national debt and deficit. my lord. >> by the way, that justice is outs plate. lou: triple the national debt. reagan, the original bags pending person in washington. lou: let me ask you a question. how many jobs are created? >> many jobs created. lou: this president, 16 and a half million to go. >> and not say we are where we need to be. nobody will. lou: i'm saying, every policy of the past three and a half years has not in...
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. >> reporter: the president is too comfortable with trillion dollars deficits that could sink the u.s. economy says romney. he leads rival rick santorum in the wisconsin polls and in the over all delegate count. the former pennsylvania senator is vowing to stay in the race even if he loses tuesday's wisconsin delegates. >> less than half the delegates have been selected and we're going to fight the fight to make sure we can win. >> reporter: but there's a growing call within the republican party to end his campaign. senate republican leader mitch mcconnell says the time has come to focus on the general election. >> i think it's at the best interest in our party to get behind the person who is obviously going to be our nominee. >> reporter: vice president joe biden is expecting the romney to win the nomination. >> this is about the middle class, none of what's he's offering is doing anything expect returning to old policy. >> reporter: the president's job approval rating is over 50% since june. but many americans are still worrying about rising gas prices. >> and so gop hopeful newt gi
. >> reporter: the president is too comfortable with trillion dollars deficits that could sink the u.s. economy says romney. he leads rival rick santorum in the wisconsin polls and in the over all delegate count. the former pennsylvania senator is vowing to stay in the race even if he loses tuesday's wisconsin delegates. >> less than half the delegates have been selected and we're going to fight the fight to make sure we can win. >> reporter: but there's a growing call within...
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Sep 5, 2012
09/12
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this year we pass add as a framework, simpson-bowles, as a framework to take on the deficit. we have taken on seniority and tenure. this is a practical group of people. we're not married to orkt orthodoxy and ideology but we do have understand democrats have been more focused on cities and on investment in those cities than republicans have. >> woodruff: are you saying the president was was wrong not to embrace simpson-bowles? >> the president has proposed a balanced effort to reduce the deficit along the lines of simpson-bowles. the only difference between the president's plan to reduce the deches and simpson-bowles is he doesn't raise taxes on the middle class upon. he races it on the top 2% of america and he doesn't cut defense to the level that he did does. simpson-bowles is a balanced approach. in the ryan plan, they just cut $4 trillion and want to give a $5 trillion tax cut to the upper income. >> you also have no partner. we can't balance the budget with no revenue. and both mitt romney and his running mate have said they will offer zero revenue. >> ifill: let me ask
this year we pass add as a framework, simpson-bowles, as a framework to take on the deficit. we have taken on seniority and tenure. this is a practical group of people. we're not married to orkt orthodoxy and ideology but we do have understand democrats have been more focused on cities and on investment in those cities than republicans have. >> woodruff: are you saying the president was was wrong not to embrace simpson-bowles? >> the president has proposed a balanced effort to...
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. >> reporter: he said the president is too comfortable with trillion dollars deficits that could sink the u.s. economy. romney must first win his party's nomination before taking on the president. he leads santorum in the polls and overall delegate count. former pennsylvania senator is vowing to stay in the race even if he loses wisconsin's primary. >> less than half of the delegates have been selected. there is a long way to go. >> reporter: there is a growing call for saturday to end his campaign. mitch mcconnell said the time has come to focus on the general election. >> it's apparent it's in the best interest of our party to get behind the person who is obviously going to be our nominee. >> reporter: vice president joe biden is expecting romney to win the gop nomination. he said romney is out of touch with the voters. >> this is about the middle class. none of what he is offering does anything. >> >> reporter: a new poll shows the president's job approval rating is over 50% for the first time since june. many americans are still worried about rising gas prices. "wjz" "eyewitness n
. >> reporter: he said the president is too comfortable with trillion dollars deficits that could sink the u.s. economy. romney must first win his party's nomination before taking on the president. he leads santorum in the polls and overall delegate count. former pennsylvania senator is vowing to stay in the race even if he loses wisconsin's primary. >> less than half of the delegates have been selected. there is a long way to go. >> reporter: there is a growing call for...
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thousand people out of sixty six million and if that elite minority continues heading for the door the deficit hole will only grow and along may be forced to embrace the one policy he rejected throughout his election campaign a stereotype. that tests are still here r t brussels. i have for you in the program china's anger grows over a japan's purchase of disputed islands as a chinese fishing boat quoting several control vessels reportedly set sail towards the territories in question. and cyber inhalations the world's leading anti-virus developers stumble on an arsenal of super viruses eerily similar to the stock snap and warm. i wish it would be soon which bright if you move from phones to pressure. don't talk t.v. don't comb. you're watching our t.v.'s scandalous flaring out between moscow and washington after russia's decision to and the work of the u.s. agency for international development in the country moscow says the decision to close the agency was prompted by usaid attempts to influence the political process inside russia for more on the story must have crossed live to respond to reno
thousand people out of sixty six million and if that elite minority continues heading for the door the deficit hole will only grow and along may be forced to embrace the one policy he rejected throughout his election campaign a stereotype. that tests are still here r t brussels. i have for you in the program china's anger grows over a japan's purchase of disputed islands as a chinese fishing boat quoting several control vessels reportedly set sail towards the territories in question. and cyber...
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Dec 5, 2012
12/12
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CSPAN2
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last year the deficit was 7.9%. this year with the apf coupons it is forecast to be 6.9%, but that excludes the aspect of the royal mail pension access. it will fall to 5.2% the year after, 4.2 president in 2015-'16, before reaching 1.6% in 2017-'18. in 2009-'10 the country was borrowing 159 billion pounds. this year we are borrowing 108 billion pounds. that is forecast to fall to 99 billion next year, 88 billion the year after, then 73 billion in 2015-'16 and 49 billion and 31 billion in the two years around that. these are the central forecasts published by the opr with the asset purchase facility cash transfer included. when the transfer is excluded, as we show in the document, the deficit also falls from 7.9% last year to 7.7% this year, then 6.9% next year and falls in every single year after that. and cash borrowing falls in every year as well. now, there are those who have been saying that the deficit was going up this year. indeed, i think i heard it in prime minister's questions. but any way you present the
last year the deficit was 7.9%. this year with the apf coupons it is forecast to be 6.9%, but that excludes the aspect of the royal mail pension access. it will fall to 5.2% the year after, 4.2 president in 2015-'16, before reaching 1.6% in 2017-'18. in 2009-'10 the country was borrowing 159 billion pounds. this year we are borrowing 108 billion pounds. that is forecast to fall to 99 billion next year, 88 billion the year after, then 73 billion in 2015-'16 and 49 billion and 31 billion in the...
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Aug 27, 2012
08/12
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now, the deficit today is enormous. bigger than we've had almost any time in the history when we weren't fighting a world war. the deficit today is not a problem. the u.s. government is borrowing almost unlimited amounts of money at extraordinarily low interest rates. they borrowing today ten year money at 1.5%. it's a record low. it's never been that low since the government has been borrows as far as the record we have go. the problem we have now, the acute problem we have now, of course, is unemployment. 8.3% unemployment. more than 3 million people who have been out of work for a full year or more. those are the ones who say they are looking. the deficit is not today's problem. but it's going to be tomorrow's problem. even at today's low interest rate. they spent a ton of money on interest. that's the same -- that's bigger than the combined budget of the departments of commerce, education, energy, homeland security, interior justice, state, plus the federal courts. so how is it that we're able to borrow so much mone
now, the deficit today is enormous. bigger than we've had almost any time in the history when we weren't fighting a world war. the deficit today is not a problem. the u.s. government is borrowing almost unlimited amounts of money at extraordinarily low interest rates. they borrowing today ten year money at 1.5%. it's a record low. it's never been that low since the government has been borrows as far as the record we have go. the problem we have now, the acute problem we have now, of course, is...
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Jul 16, 2012
07/12
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MSNBC
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that will help us reduce our deficit by about a trillion dollars. and everybody says the deficit and the debt are important, and i agree. i just want to point out the last time we did that when bill clinton was president, we had surpluses not deficits, created 23 million new jobs. and by the way, we created a lot of millionaires and billionaires to boot. because when an economy is growing from the middle out and from the bottom up, everybody does well including people at the very top. that's how you grow an economy. [ applause ] when teachers and firefighters and police officers and construction workers, when folks who are putting in a hard day's work, when they do well, everybody does well. that's how america has always succeeded. we believe in individual initiative and self-reliance but there's some things we do together. and growing an economy is one of them. my grandfather, he went to college on the gi bill. that generation helped to expand the middle class and everybody did better. when we invested in the hoofer dam, bridge, internet, sending s
that will help us reduce our deficit by about a trillion dollars. and everybody says the deficit and the debt are important, and i agree. i just want to point out the last time we did that when bill clinton was president, we had surpluses not deficits, created 23 million new jobs. and by the way, we created a lot of millionaires and billionaires to boot. because when an economy is growing from the middle out and from the bottom up, everybody does well including people at the very top. that's...
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Feb 3, 2012
02/12
by
CSPAN3
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eye 88
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the great problem in europe is not the problem of deficit or debt. europe has a much more serious long-term problem. you can solve the debt easily. you write it off. you can solve the deficits easily. i'm saying economically, not political politically. easily, you cut spending. the difficult problem is that southern europe's populations expect a lifestyle their productivity cannot supply. greeks don't have to be germans but they can expect to be -- but then they can't expect to be paid like germans. so you have a 25% gap between southern europe and german labor costs, that can only be closed by nominal deflation. this is a long, painful process that will precipitate a five to seven-year recession in the southern european countries and there you're talking about close to 40% of europe's gdp. the only other alternative is a long-term transfer from europe's productive north to the south. the reyuan fiction of germany poses the same problem of differing productivity. what the germans decided was they proposed a solidarity tax imposed on west germany to b
the great problem in europe is not the problem of deficit or debt. europe has a much more serious long-term problem. you can solve the debt easily. you write it off. you can solve the deficits easily. i'm saying economically, not political politically. easily, you cut spending. the difficult problem is that southern europe's populations expect a lifestyle their productivity cannot supply. greeks don't have to be germans but they can expect to be -- but then they can't expect to be paid like...
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with us spend more money than any president ever with the largest deficit and largest that ever. largest federal government in our history. we take that up with the author of the amateur, ed klein, and lanny davis what his former boss must accomplish if obama is to be reelected. clinton has been one of his top surrogates and fund-raisers. but tonight he takes on the mantle of champion. >> this is a clear choice. the republican plan is to cut taxes going back to deregulation. president obama has a plan investing in education, job training and it only works if there is a strong middle-class. that is what happened when i was president. lou: you would think they have been friends throughout , but not so. the same man who told "the new york times" after the debt ceiling debate quote mack i am really trying to help him, but he seems to have lost his narrative narrative" -- " that is tame compared to the language used in the 2008 democratic primary as his of frequent targets in 2007 said we could find someone who is a gifted television commentator and let them run rather than have one l
with us spend more money than any president ever with the largest deficit and largest that ever. largest federal government in our history. we take that up with the author of the amateur, ed klein, and lanny davis what his former boss must accomplish if obama is to be reelected. clinton has been one of his top surrogates and fund-raisers. but tonight he takes on the mantle of champion. >> this is a clear choice. the republican plan is to cut taxes going back to deregulation. president...
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Dec 3, 2012
12/12
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KTVU
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based off the simpson bowles commission, his own deficit reduction commission. he knows what our proposals are and what we are willing to do. what we don't know, chris, is what is the president willing to do? >> chris: well, let me ask you specifically about that. is it true, it is said -- we have never seen a piece of paper. is it true that the president offered to raise the eligibility age for medicare and slow cost of living adjustments for social security when you were in your debt talks in august of 2011? >> it was on the table. did the president agree to it... he may have been close to an agreement to it. if he agreed to it, we might not have this problem today. >> chris: is that on the table now. >> of course it is. >> chris: no, from their point of view? >> listen, there are a lot of items on the table. the president knows what they are. the question is, what are they willing to do. >> chris: you are starting to have political problems, because you are starting to have splits in your ranks, i don't have to tell you you one of the top congressional republ
based off the simpson bowles commission, his own deficit reduction commission. he knows what our proposals are and what we are willing to do. what we don't know, chris, is what is the president willing to do? >> chris: well, let me ask you specifically about that. is it true, it is said -- we have never seen a piece of paper. is it true that the president offered to raise the eligibility age for medicare and slow cost of living adjustments for social security when you were in your debt...
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May 8, 2012
05/12
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CSPAN3
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remember, the next year, we had an $1 1 billion budget deficit on a $29 billion budget. 37% deficit. by percentage, the highest deficit of any state in america. and the democrats have their solution. you've heard this before, a millionaire's surcharge. now, we say it's a surcharge because we already have the millionaire's tax in new jersey. this is the great thing about new jersey. see, our millionaires tax applies to any business or individual that makes over $400,000 a year. now this is called new jersey math. i use this as a plus. i say to people, listen. come to new jersey, if you always dreamed of being a millionai millionaire, because even if you're not, we'll tax you like you are one. so they proposed a surcharge on the millionaire's tax, which would make our top rate 10.75%. third highest in america, behind only, thank god for california and hawaii. but we would have been third. and so they passed the bill and brought it down to my office with great fanfare. cameras following them. and, uh yo know, my mother taught me to be polite. when guests are coming, i put my coat on. i
remember, the next year, we had an $1 1 billion budget deficit on a $29 billion budget. 37% deficit. by percentage, the highest deficit of any state in america. and the democrats have their solution. you've heard this before, a millionaire's surcharge. now, we say it's a surcharge because we already have the millionaire's tax in new jersey. this is the great thing about new jersey. see, our millionaires tax applies to any business or individual that makes over $400,000 a year. now this is...
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Jun 9, 2012
06/12
by
FOXNEWS
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if you're interested in the deficit. something comes on the table, it's simple math. 25% of gdp in terms of government spending, taxes are at 15% of gdp, which are historic lows. taxes have never been lower in this country than they are right now. even conservatives are agreeing that government spending ought to be somewhere between 18 and 20%, so if that's the case and taxes are at 15%, they've got to come from somewhere. so if it's not the bush tax rates, it's got to be as the simpson bowles commission says, you've got to put it on the table and can't just say-- >> how do we create jobs? even president bill clinton came out this week and said, excuse me, president obama, we need to extend these tax cuts, and the small business owner, i can tell you this, there's no certainty in our future right now. we don't know what our health care bill is going to be next year for our employees, we don't know what our tax bill is going to be next year for our employees, we don't know what our gas prices are going to be next year for
if you're interested in the deficit. something comes on the table, it's simple math. 25% of gdp in terms of government spending, taxes are at 15% of gdp, which are historic lows. taxes have never been lower in this country than they are right now. even conservatives are agreeing that government spending ought to be somewhere between 18 and 20%, so if that's the case and taxes are at 15%, they've got to come from somewhere. so if it's not the bush tax rates, it's got to be as the simpson bowles...
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Jan 23, 2012
01/12
by
CSPAN
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we have to deal with the legacy of the deficit and the debt. the eurozone has been deep and continuing trouble. and yesterday unemployment rose again. across europe economies of stalled. here in britain this is an active government sleeves rolled up, doing everything we possibly can to get our economy moving. the biggest work programs as the 19,373,000,000 people, a massive drive, major initiatives on regional growth, infrastructure, enterprise many people are questioning not just palin when we will recover but the whole way in which our economy works. so when our economic challenge starts with stealing with the debt it must not end there. we must aim higher than just the storms that are affecting the international call of because i believe that i am just this current diversity. we must aim to build a better economy, one that is truly fair and worthwhile. my argument today is this. we will build a better economy by turning back on the free-market. we will do it by making sure that market is fair as well as free. well of course, there is a role
we have to deal with the legacy of the deficit and the debt. the eurozone has been deep and continuing trouble. and yesterday unemployment rose again. across europe economies of stalled. here in britain this is an active government sleeves rolled up, doing everything we possibly can to get our economy moving. the biggest work programs as the 19,373,000,000 people, a massive drive, major initiatives on regional growth, infrastructure, enterprise many people are questioning not just palin when we...
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Sep 6, 2012
09/12
by
FOXNEWSW
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reduce deficit in a responsible way? or build from the top down? extend $5 trillion tax cuts to the wealthyest parts of the middle class and seniors for them. and assume the market will take care of the rest? we've trif that had before. led to the slowest pace of job creation since world war i i. this is people having a difficult time but leadership, leader supposed owe to be a magical wizard to get parties together to get someone done. i give republicans a hard time. this tax cuts not going to be debated until december. the economy is on stall. what is the president doing now to try to get everyone back to get process gres? >> the president has called for immediate reaction and the hold of it is that republicans are refusing to pass the wealthyest for a dime. >> this is ohio. >> there is ohio casting votes for the president and next president of the united states, barack obama. >> thank you mr. chairman. and there is ohio cast 188 votes. for barack obama. >> ohio, that is saying you want to win and and there are organizers on the ground. >> and th
reduce deficit in a responsible way? or build from the top down? extend $5 trillion tax cuts to the wealthyest parts of the middle class and seniors for them. and assume the market will take care of the rest? we've trif that had before. led to the slowest pace of job creation since world war i i. this is people having a difficult time but leadership, leader supposed owe to be a magical wizard to get parties together to get someone done. i give republicans a hard time. this tax cuts not going to...
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308
Sep 9, 2012
09/12
by
KQED
tv
eye 308
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they should have talked about is the economy and the deficit. >> the president mentioned the deficit. >> not to the extent that he should have. he has got to talk about that, when are we going to get out of it. what kind of obstacles he's encountering to do it. you don't take on something like that necessarily in an acceptance speech, but at the convention, they did not even address it. that is something that is really a glaring omission. >>nd a mission of the four years. obama did not touch it in the four years, and he is supposed to be making a speech about the vision of the future. everybody understands that the threat we are facing as to do with rising entitlements because of an aging population and medical care. roger mentioned medicare and how obama is going to hang onto it. obama said in july of last year no matter how much you raise taxes, medicare is unsustainable. he has donon nothing on that, nothing on social security, nothing on tax reform, and that is why he had nothing to say. >> it felt like "thelma and louise"-- >> what was not said, the most emotional moment of the t
they should have talked about is the economy and the deficit. >> the president mentioned the deficit. >> not to the extent that he should have. he has got to talk about that, when are we going to get out of it. what kind of obstacles he's encountering to do it. you don't take on something like that necessarily in an acceptance speech, but at the convention, they did not even address it. that is something that is really a glaring omission. >>nd a mission of the four years....
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May 24, 2012
05/12
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CSPAN3
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deficit reduction and growth are not alternatives, you need the first in order to deliver the second. there was no debate about this, it was my view, chancellor merkel's view, president obama's view. indeed france will balance its budget at a faster rate than britain. in britain, in two years, we cut the deficit we inherited from the last government by more than a quarter. and our approach has been endorsed again by the imf this week and the oecd. at a time of tight budgets, a proper growth plan requires not just a credible fiscal policy, but also structural reforms to make our economies more competitive, active monetary policy, and innovative use of our hard won credibility to assure inconvenientment in long term infrastructure. we are taking all of these steps in the u.k. and promoting them across europe as well. prime minister monte and i have gathered ten eu lead hes to call for the completion of the single market in digital and services, classic structural reform. president hollande is coming forward with proposals. the ecb has helped supply liquidity to european banks. i will be
deficit reduction and growth are not alternatives, you need the first in order to deliver the second. there was no debate about this, it was my view, chancellor merkel's view, president obama's view. indeed france will balance its budget at a faster rate than britain. in britain, in two years, we cut the deficit we inherited from the last government by more than a quarter. and our approach has been endorsed again by the imf this week and the oecd. at a time of tight budgets, a proper growth...
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May 21, 2012
05/12
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CSPAN
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eye 71
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>> the reason we put it up is we would let the biggest budget deficit anywhere in europe. bigger than "james madison and the making of america" -- bigger thanreece or spain or portugal. we know from reading the former chancellor's word that he was going to put it up too. >> you may be aware ts is adult learning week and inspiration or read and to support the energy worker. can i invite the prime minister to say to themselves how this works for the rest of the country to benefit people? >> the hon. lady is right to raise this issue. it is a tragedy that there are too many adults who do not have proper literacy and reading skills because of not beg taught properly at school. it is vital we put that through the initiative she recommends but we have got to do better to make sure no child is left behind. renown no -- no child gets behind the scheme, we must make sure it is available for every child in every school. >> the police service in northern ireland has reviewed that between 1960, and 2005 it kept body parts and tissue samples and 64 cases of suspicious deaths without no
>> the reason we put it up is we would let the biggest budget deficit anywhere in europe. bigger than "james madison and the making of america" -- bigger thanreece or spain or portugal. we know from reading the former chancellor's word that he was going to put it up too. >> you may be aware ts is adult learning week and inspiration or read and to support the energy worker. can i invite the prime minister to say to themselves how this works for the rest of the country to...
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we're running such a huge deficit. unless he's a poker player and this is a bid to throw us off pace, that's not a serious proposal. we're not dealing with this seriously at 1600 pennsylvania avenue and he owes the population a lot more than he's showing. >> neil: adam, i'm worried that they make ahristmas tree out of this and throwing more and more ornaments because it's the next legislation that we're cobbling together we might as well put some spending in there. in this case, a minimum of 50 billion others like chuck schumer talked not trying to find a wayo wiggle half a trillion dollars for another construction effort here, and on and on and on. >> well, of course, unfortunately, neil, i should say for better or worse, the way you're describing it is in fact the way it works, that's how the christmas tree ets built and-- >> you don't find it ironic, part of a year end fiscal cliff avoider meant to address spending includes measures that hike spending? >> well, you'll getting there. i mean, ihink it's curious to-- >
we're running such a huge deficit. unless he's a poker player and this is a bid to throw us off pace, that's not a serious proposal. we're not dealing with this seriously at 1600 pennsylvania avenue and he owes the population a lot more than he's showing. >> neil: adam, i'm worried that they make ahristmas tree out of this and throwing more and more ornaments because it's the next legislation that we're cobbling together we might as well put some spending in there. in this case, a minimum...
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105
Feb 5, 2012
02/12
by
WUSA
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eye 105
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when you look at the size of our deficit and have no revenue be a part of this. if you're not willing to put revenue on the table, then you're going to put this kind of burden and more on to the defense budget and on to all other discretionary budget spending. >> let's go to one of the things a senior defense official said in unrolling this. they said any tinkering with the plan will cause its derailment, but they also welcomed working closely with congress to try to find a way forward. this is an election year. republican members have been very vocal about blasting this plan. how does this succeed in a politically-charged environment? >> i don't know that. but here's the way it should sort of play out. number one, the republicans in the house and those who are criticizing the amount of money being spent need to either put revenue on the table to cover more spending or stop, all right? and either you say here's where we're going to find you more money or you live with, again, what congress passed, what the republican house passed. this is the number. now, then d.
when you look at the size of our deficit and have no revenue be a part of this. if you're not willing to put revenue on the table, then you're going to put this kind of burden and more on to the defense budget and on to all other discretionary budget spending. >> let's go to one of the things a senior defense official said in unrolling this. they said any tinkering with the plan will cause its derailment, but they also welcomed working closely with congress to try to find a way forward....
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Dec 3, 2012
12/12
by
MSNBCW
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eye 122
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we know we cannot deal with a serious deficit problem in this country as well as meeting our obligation to americans as well as making sure we protect the middle class. so he's put out a serious proposal of revenues and spending cuts and economic growth that does strengthen the middle class and get that economic growth. that's perfectly good starting point. the fact that speaker boehner rejected that, we're in a tough spot right now. what the republican leadership in the house has to do is say look here's what we want to do, here's what we believe we should do. they have to understand that the president won, the democrats gained seats in the house and the senate. the american people have said find that common ground, the beginning of that common ground is make sure we protect the tax cuts for the middle class. make sure we don't hurt the fragile economic recovery in the short term and let's deal with protecting medicare and deficit reduction for the long term. >> there's a piece in the "new york times" talking about the president's new negotiate i want aing style. it said mr. obama scat
we know we cannot deal with a serious deficit problem in this country as well as meeting our obligation to americans as well as making sure we protect the middle class. so he's put out a serious proposal of revenues and spending cuts and economic growth that does strengthen the middle class and get that economic growth. that's perfectly good starting point. the fact that speaker boehner rejected that, we're in a tough spot right now. what the republican leadership in the house has to do is say...